As the end of the year approaches, thoughts to turn to upcoming April 15th deadline for income taxes. It may be to your advantage to take certain actions that will increase the amount of deductions for the year or decrease the amount of income you must claim. Here are a few ways to maximize your… Continue reading 5 Savvy Ways To Maximize Tax Deductions Next Year
Superannuation can almost be described as free money. Government supports it with tax benefits and obliges employers to pay their contribution. In 2014 the minimal contribution was set to 9.5% of employee’s gross salary and until 2025 this figure will gradually increase to 12%. So, if your gross salary is $8,000, your employer will need… Continue reading Smart Strategies For Maximizing Superannuation
Taxes are one of the biggest expenses plaguing any business, but the effects are more damaging for the small business owner. While business expenses can certainly reduce the tax burden, the tax burden can also cut into the potential profit margin. However, there are five primary methods businesses can use in order to reduce their… Continue reading 5 Great Ways To Reduce Taxes In Your Business
There are some states that are trying to make it easier for businesses to survive. These states either offer little or no corporate taxes. This can save businesses thousands of dollars each year. In turn, those businesses can hire more people, which can, in theory, improve the job market. But does it? The truth is… Continue reading How Do Business Taxes Impact the Job Market?